The Mashpee Wampanoag
Tribe of Massachusetts has found a new gaming partner and is severing ties with prior investors.
The tribe will be working with Arkana Limited, an affiliate of Kien Huat. The Malaysian-based company is part of Genting Group, which financed casinos for the Mashantucket Pequot Tribal Nation of Connecticut and the Seneca Nation of New York.
"We are extremely excited about this new partnership,” Chairman Cedric Cromwell said in a press release. “Kien Huat and its affiliates bring the business experience and financial strength that the tribe needs to move forward aggressively with our plans for a resort-style gaming facility. This is a very positive development for our tribe and we look forward to bringing good jobs and economic development to both the Mashpee Wampanoag Tribe and the Commonwealth of Massachusetts in the near future."
The tribe is moving to end its relationship with South African investors Sol Kerzner and Len Wolman, who financed a casino for the Mohegan Tribe of Connecticut. A new slate of tribal leaders had questioned the deal.
The tribe is also waiting on Congress to fix the U.S. Supreme Court
decision in Carcieri
v. Salazar. The decision could stop the Mashpees from following the land-into-trust process because they didn't get federal recognition until May 2007.
Get the Story:
Mashpee tribe banks on new deal
(The Cape Cod Times 11/30)
Wampanoag cut ties with casino investors (The Boston Globe 11/30)
Business Deals | Casino Stalker
Mashpee Wampanoag Tribe finds gaming partner
Monday, November 30, 2009
Stay Connected
Contact Us
indianz@indianz.com202 630 8439 (THEZ)
Search
Top Indian Gaming Stories
Trending in Gaming
1 Catawba Nation continues work on controversial casino in North Carolina
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
2 Cheyenne and Arapaho Tribes move forward with casino expansion
3 Poarch Band of Creek Indians said to be on Trump's radar
4 Hopi Tribe officially joins Indian gaming industry with approved compact
5 Seminole Tribe paid just $50M for casino Donald Trump built for $1.2B
More Stories
Editorial: Off-reservation policy affects Seminoles Seneca Nation still pushing off-reservation casino
Indian Gaming Archive